How can you take a hobby (which can be your passion) down the road to become the focus of starting your own successful business with the skills from your “hobby”? And this becomes more important if your part-time hobby begins when you are a full-time employee?
In this Bonus episode of The Struggling Entrepreneur, we explore a possible journey from polishing the skills of a “hobby” and then creating a successful entrepreneurial venture or Startup to become a full-time entrepreneur. The journey is one from being a “Hobby-Preneur” to a full-time Small Business Owner with a startup as an Entrepreneur.
There is a plan you can follow, which has been the blueprint to many successful entrepreneurs who started with their part-time hobby. This plan includes four major steps that can help you create your audiences, loyal fans, customers and folllowers — and then sell services, products or offerings to monetize your business and “hobby” skills. And finally, the plan can help you get beyond sales to something more satisfying as an Entrepreneur.
These four steps are:
1. Recognition as a subject-matter expert;
2. Acceptance as a “trusted advisor”;
3. Monetization of your skills in the form of products, offerings, services and other resources by selling to others and helping them by being a “problem-solver”;
4. Recognition and invitation to share with others by becoming a “thought-leader.”
NOTE: This episode was recorded while I was “on the road” in the downtown area in an empty lounge of a hotel early in the morning. Although there is some ambient noise, I hope that this would not be too distracting. Also, with only a portable recorder, a lot of the resources to provide better quality audio was not available — e.g., pop filter, reduced noise, audio equalization, etc.
I wanted to capture the theme which was brought to our attention by feedback from some listeners to discuss these ideas.
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